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USD 200 mln steel structure, Turbine deals for GERD

The Ethiopian Electric Power (EEP) has inked two separate contractual agreements worth USD 200 million to revive and overhaul the hydraulic steel structures and electromechanical works that has delayed the construction of the Great Ethiopian Renaissance Dam (GERD).

New landfill to resume operation

After nearly a year since a garbage slide at the half-a-century-year old Repi Landfill claimed lives of 72 people and victimized hundreds more, the US Embassy in Ethiopia and the Addis Ababa City Administration are working closely to revitalize another landfill—the Sendafa Sanitary Landfill Plant—that remained closed due to a political uprising in the Oromia Regional State.

UK-led investors explore opportunities in Ethiopia

A team of 25 business delegates led by UK’s Trade Commissioner, Emma—Wade Smith, have met and discussed with more than seven-line ministries and government agencies looking to set foot in the newly rebranded Ethiopia, as the administration of Prime Minister Abiy Ahmed (PhD) introduces a wide raging of economic reforms including partial privatization of some of the biggest State Owned Enterprises (SoE) in Ethiopia.

Manufacturers lament new electric tariff as exaggerated

Following the adjustment of electricity tariffs ranging from 30 percent to 90 percent, which is expected to enter into effect in the upcoming month, industrialists across Ethiopia are criticizing the increments claiming that it is over-inflated and requested the tariff to be revised.

IFC to invest on 500MW solar power

Amid budgetary support, the World Bank Group (WBG) has approved a commitment of USD 1.2 billion to Ethiopia this week, the International Finance Corporation (IFC) – the private sector arm of the WB – said that it is working on a solar power program that will help generate 500 megawatt of electricity in the country.

EEP, Enel Green Power to acquire land for solar power plant

The Ethiopian Electric Power (EEP) and Enel Green Power (EGP), the Italian company that is set to sign a power purchase agreement to develop a 100MW solar power plant near Metehara town in the Oromia Regional State at a cost of 120 million USD, are going to acquire land from the regional state.